China July Official Manufacturing PMI 51.7 Versus 51.4 Forecast

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--A closely watched gauge of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

Dollar's Rally Picks Up Steam

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By James Ramage and Chiara Albanese A rally in the dollar is picking up steam, as signs of accelerating U.S. growth bolster investor expectations that the Federal Reserve in the coming year will raise interest rates for the first time ...

South Korea Inflation at 1.6% in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

SEOUL--South Korea's consumer price index rose 1.6% on the year in July, slower than a 1.7% gain the previous month, government data showed Friday. The July reading, meeting the median 1.6% increase forecast by economists surveyed by The Wall Street ...

China Manufacturing Gauges Improve in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--Two closely watched gauges of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

China HSBC Final Manufacturing PMI Rises

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to an 18-month high of 51.7 in July compared with 50.7 in June, HSBC Holdings PLC said Friday. The reading follows a rise in the government's ...

MOL 2Q Clean Ebitda Lower Than Seen, Drops 17% On Year

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Veronika Gulyas BUDAPEST--One of central Europe's largest refineries and Hungary's biggest company by revenue MOL Nyrt. (MOL.BU) saw its clean earnings before interest, taxes, depreciation and amortization, one of the key indicators for the sector, drop by 17% on ...

China July Manufacturing Rises

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--A closely watched gauge of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

S. Korea Exports Grow 5.7% in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Kwanwoo Jun SEOUL--South Korea's exports grew at a faster pace than expected in July, following a weak rebound in June from a fall a month earlier, government data showed on Friday. Exports in July rose 5.7% from a year ...

China July HSBC Final Manufacturing PMI 51.7 Vs 50.7 in June

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Richard Silk BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to an 18-month high of 51.7 in July compared with 50.7 in June, HSBC Holdings PLC said Friday. The reading follows a rise ...

Argentina, Creditors Fail to Reach Deal -- Update

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By Nicole Hong, Taos Turner and Matt Day Talks aimed at a last-minute settlement between Argentina and holdout creditors collapsed late Wednesday, and a court-appointed mediator said the country would "imminently" be in default. The likely default would be Argentina's ...

Taiwan's Economy Grows 3.9% in 2Q, Well Above Forecasts

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By Fanny Liu and Eva Dou TAIPEI--Taiwan's economy gathered pace in the second quarter, as electronics exports rose, companies stepped up investments and consumers continued to spend. In the three months ended June 30, Taiwan's gross domestic product rose 3.9% ...

Australian Export, Import Price Indexes Fall in 2Q

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By James Glynn SYDNEY--Australia's export price index fell sharply in the second quarter, its biggest quarterly fall since late 2010, due to weaker prices for iron and coal, the country's two biggest exports. The Australian Bureau of Statistics said Thursday ...

China PBOC to Drain $1.8 Billion This Week

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

SHANGHAI--China's central bank is set to drain a net 11 billion yuan ($1.8 billion) from the money market this week through its open-market operations, the first time it is withdrawing liquidity after net injections for 11 weeks in a row, ...

Oil Futures Slide; Nymex Drops Below $100/Bbl

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By Eric Yep Crude-oil futures extended overnight losses in Asian trade Thursday on bearish U.S. inventory data that sent the U.S. oil benchmark below the $100 a barrel mark. On the New York Mercantile Exchange, light, sweet crude futures for ...

EU Energy Chief Expects Russia to Continue Delivering Gas to Europe

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By Andrea Thomas BERLIN--European Energy Commissioner Guenther Oettinger said Thursday he is convinced Russia will continue to deliver gas to Europe despite recent economic sanctions imposed against Moscow, adding that the European Union is well prepared to deal with any ...

EU Energy Chief Expects Russia to Continue Delivering Gas

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

BERLIN--European Energy Commissioner Guenther Oettinger said Thursday he is convinced Russia will continue to deliver gas to Europe despite recent economic sanctions imposed against Moscow, adding that the European Union is well prepared to deal with any supply cuts. "The ...

Italy July Preliminary CPI Falls on Energy, Fresh Food Decline

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By Liam Moloney ROME- Italy's consumer price index fell in July, statistics institute Istat said Thursday, as the price of fresh food and regulated-energy prices both declined. Annual inflation was 0.1%, Isat said in its preliminary report. Fresh vegetable prices ...

New Britain Palm Oil: Kulim Plans to Sell 49% Stake to Sime Darby

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

LONDON--New Britain Palm Oil Ltd. (NBPO.LN) said Thursday it has been advised by its major shareholder, Kulim (Malaysia) Berhad (2003.KU) of plan to sell its entire 48.97% shareholding in the company, and selected Sime Darby Berhad (4197.KU) as the preferred ...

Apple to Cut 200 Jobs at Beats Electronics -- Reports

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

Apple will cut about 200 jobs at Beats Electronics LLC after closing its acquisition of the music-streaming service and headphone maker, media reports said. The cuts amount to about 40% of Beats' global workforce, the New York Post reported late ...

French Producer Prices Stabilize in June

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By William Horobin PARIS--French producer prices stabilized in June after five straight months of month-on-month declines, statistics agency Insee said Thursday. France's producer price index was unchanged in June from May as the coking and refining prices rose and the ...